Covers news and developments related to various alternative cryptocurrencies (altcoins) excluding Bitcoin
Nate Geraci predicts Solana ($SOL) and XRP ($XRP) ETFs are unlikely within two years despite growing demand. Political outcomes, especially the US presidential elections, could significantly impact future crypto ETF approvals. Investors should monitor regulatory changes.
John Deaton vows to hold the SEC accountable for XRP investors’ $15B loss due to the Ripple lawsuit. He plans to introduce bills to expose regulatory capture and prevent regulators from joining industries they oversaw. #XRP #CryptoRegulation
Solana’s Anatoly Yakovenko critiques $ZKSync’s decentralization, calling it akin to a multisig system. Despite $ZKSync’s governance model with a Token Assembly, Security Council, and Guardians, Yakovenko warns it could still be subject to legal control.
Ripple’s transfer of 150M $XRP and Grayscale’s new XRP trust spur a 6% price rise, 109% trading volume surge. Regulatory developments fuel investor optimism.
Grayscale Investments launches Grayscale XRP Trust, spiking $XRP by 7%. The trust grants accredited investors access to XRP, crucial for cross-border payments, mirroring other single-asset products. Experts predict an XRP-ETF by 2025.
Ripple Labs mints 90 new RLUSD stablecoins without burning any tokens. Minting on the Ethereum blockchain boosts liquidity. Total RLUSD issuance now at 402 tokens, reflecting increased market activity. Ripple’s strategy shift may provide new market insights.
Grayscale introduces XRP Trust, causing an 8% spike in $XRP value and sparking speculation on future XRP ETFs. The legal battle between @Ripple and the SEC remains a hurdle. Legislative changes could pave the way for more crypto ETFs.
FTX unstaked 177,693 $SOL worth $23.75M, sparking sell-off concerns. Despite this, FTX still holds 7.1M $SOL valued at $953M. Solana’s price rose 2.5% in 24 hours, reflecting a broader crypto rally. @AlamedaResearch transferred Worldcoin and AAVE to exchanges.
FTX unlocks 177,693 $SOL worth $23.75M, with potential market impact if sold. FTX still holds 7.057M $SOL valued at $943M. $SOL price remains firm at $135, up 35% in 2024. Watch @CarolineEllison’s hearing for further influences.
Dune now supports data from over 50 Polkadot parachains, including Moonbeam, Acala, Phala, and Mythos, enhancing real-time analysis and improved API functionality. This expansion, developed with Colorful Notion, positions Dune as a premier analytical hub for Polkadot.
Solana Radar Hackathon offers $4M in funding opportunities from Sept 2 to Oct 8, 2024, with a $600K prize pool. Top 15 teams can access $250K in startup funding, including special awards. Join now to innovate in blockchain technology.
$ADA founder Charles Hoskinson refutes claims of locked staking, emphasizing Cardano’s liquid staking model. Cardano hits new milestones with the first phase of the Chang Hard Fork and increased network activity. @Cardano_Community
Tether, @Tronfoundation, and @trmlabs collaborate to combat USDT crime on TRON amid rising concerns. Nearly 50% of Tether’s $118B USDT supply is on TRON. Partnership aims to enhance blockchain security and promote crypto education.
A whale transferred 4 trillion $PEPE coins worth $29.8M amid a crypto market recovery, with Bitcoin rising to $57K. $PEPE saw a 5.6% price increase in the last 24 hours, reflecting growing investor confidence.
